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April 26, 2024
Samsung mobile chief, Google device head meet in Seoul
Samsung Electronics President and mobile business chief Roh Tae-moon and Google Senior Vice President Rick Osterloh, who oversees the company’s platforms and devices team, met in Seoul on Thursday and discussed ways to strengthen their partnership on artificial intelligence. A...
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April 24, 2024
Korean investment in US almost doubles from pre-pandemic: report
...published by the Korea Chamber of Commerce and Industry, the total Korean investment in the US stood at $27.7 billion last year, up 75 percent from $15.8 billion in 2019. Large conglomerates like Samsung Electronics, SK hynix and Hyundai Motor have built or plan to establish ...
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April 24, 2024
Korean robot startup aims to transform human walking
... WIM units and achieve sales of 3 billion won, and then increase the sales volume to 10,000 units next year. WIRobotics was established in June 2021 with four employees -- all former engineers at Samsung Electronics. The startup now has 23 employees and has received 17.6 bill...
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April 23, 2024
[Exclusive] Korean military set to ban iPhones over 'security' concerns
...oss the nation. The devices set to be prohibited encompass all types of smartwatches and wearable devices as well. The sources, however, claimed that Android-based smartphones, mostly those from Samsung Electronics, will be exempted from the ban, while the document explicitl...
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April 22, 2024
Samsung, SK hynix investors dump shares on Nvidia crash
Investors of the two Korean chip makers – Samsung Electronics and SK hynix -- dumped their shares Monday after Nvidia, the US chip giant, lost almost 10 percent Friday -- its worst day since March 2020. Market heavyweight Samsung Electronics and its chip ri...
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April 22, 2024
[KH Explains] Will 6-day workweek for executives help Samsung avert crisis?
Doubts have been raised over Samsung Group’s latest decision to make the executives of its key tech affiliates -- Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Display -- work an extra day per week as part of the group's emerg...
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April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
... later in the day, closing at 841.91, down 1.61 percent from the previous day's close. Most of the big-cap stocks, particularly in the semiconductor sector, registered declines. Market bellwether Samsung Electronics saw a 2.51 percent decrease, while No. 2 chipmaker SK hynix ...
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April 19, 2024
SK hynix joins with TSMC to produce High Bandwidth Memory 4
...components for speeding up the AI process, supporting AI processors such as GPUs. SK hynix is currently dominating the burgeoning HBM market, taking some 50 percent of the market share. Runner-up Samsung Electronics chases SK with a close margin while US-based Micron Technolo...
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April 18, 2024
Samsung C&T president makes her first business trip to Milan
Samsung C&T President Lee Seo-hyun, the younger sister of Samsung Electronics Chairman Lee Jae-yong, visited Italy on her first business trip after her recent comeback to a management role in the company, according to industry sources, Thursday. Lee reportedly visited...
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April 18, 2024
SK hynix chief underscores chip cooperation between Korea, US
...o the US follows the company's recent announcement to build an advanced chip packaging plant in West Lafayette, Indiana, where Purdue is located. The world's second-largest memory chip maker after Samsung Electronics said it will make a $3.87 billion investment to build an adv...
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April 17, 2024
Samsung CEO bets big on connectivity to take on Apple
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said its home appliance division, backed by enhanced connectivity with mobile devices, will enjoy its heyday in the second half of this year, showing confidence in the competition with its powerful rival Apple. “We may ...
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April 17, 2024
Samsung Electronics develops industry-first LPDDR5X DRAM
Samsung Electronics, the world's largest memory chipmaker, said Wednesday it has developed the industry's first low-power double data rate 5X (LPDDR5X) DRAM chips, a memory solution tailored for AI applications. The new chip supports the industry's highest performance of up to ...
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April 17, 2024
World IT Show 2024 kicks off in Seoul
...y life, created by artificial intelligence (AI)," with 446 companies and institutions from 10 countries, including South Korea, attending, according to the Ministry of Science and ICT. Tech giant Samsung Electronics plans to present its AI platform, Galaxy AI, allowing visito...
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April 16, 2024
SK hynix sees 30% surge in market cap in Q1
..., SK hynix, the world's second-largest memory chip maker saw the biggest market cap growth of 28.5 percent from January to the end of March, growing from 103.6 trillion won to 133.2 trillion won. Samsung Electronics, the world's top memory chip maker and the country's largest...
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April 16, 2024
Samsung Electronics set to expand chips supply chain after $6.4b US grants
Samsung Electronics is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government ...ologies and help bring security to the US semiconductor supply chain," he sai...
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April 16, 2024
US confirms $6.4 billion chip subsidy for Samsung
The US government announced Monday that it will award up to $6.4 billion to Samsung Electronics for its chip fabrication facilities in Taylor, Texas. "The return of leading-edge chip manufacturing to America is a major new chapter in our semiconductor industry," said White Hous...
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April 15, 2024
Samsung, LG showcase built-in lineup at Milan Design Week
LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. Accord...uite brand and the 'mass premium' products to meet the needs of a wide range of custome...
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April 12, 2024
Korea faces another compensation claim over 2015 Samsung merger
...orean government faced another compensation claim for its alleged role in the 2015 merger of two Samsung companies. The Hague-based Permanent Court of Arbitration ruled Thursday that the Korean gover... immediately filed a suit to appeal the ruling, saying that the claims were baseless...
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April 11, 2024
Samsung retains No. 1 spot in US home appliance market
Samsung Electronics retained its No. 1 spot in the US home appliance market for an eighth consecutive year, dating to 2016, thanks to strong sales of key household products including refrigerators and washers, industry data showed Wednesday. According to market tracker TraQline...
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April 09, 2024
Samsung hopes to shed Galaxy brand's ‘ajeossi phone’ reputation
Samsung Electronics is striving to shed the reputation of its flagship Galaxy smartphones as "ajeossi" phones among teens and users in their 20s, with short films starring popular TV celebrities. An "ajeossi" is an older married man or an uncle in Korean, but in this context, i...